CISO Global Completes Balance Sheet Restructuring as Key Investors Exchange Over $9 Million of Debt into Preferred Shares
CISO Global (NASDAQ: CISO) has completed a significant balance sheet restructuring where strategic investors converted over $9 million of convertible debt into Preferred Shares. The newly issued Preferred Shares carry a 10% coupon and hold capital structure seniority, issued without warrants.
The restructuring eliminates all long-term debt, leaving only a modest receivables line of credit. Two long-term investors, including a current Director and an Advisory Board member, participated in this conversion, demonstrating confidence in CISO's strategic shift toward software-focused cybersecurity solutions.
CISO Global (NASDAQ: CISO) ha completato una significativa ristrutturazione del bilancio, in cui investitori strategici hanno convertito oltre 9 milioni di dollari di debito convertibile in Azioni Privilegiate. Le nuove Azioni Privilegiate emesse prevedono un coupon del 10% e hanno priorità nella struttura del capitale, emesse senza warrant.
La ristrutturazione elimina tutto il debito a lungo termine, lasciando solo una modesta linea di credito su crediti commerciali. Due investitori a lungo termine, tra cui un attuale Direttore e un membro del Consiglio Consultivo, hanno partecipato a questa conversione, dimostrando fiducia nel cambiamento strategico di CISO verso soluzioni di cybersecurity incentrate sul software.
CISO Global (NASDAQ: CISO) ha completado una importante reestructuración de su balance, donde inversores estratégicos convirtieron más de 9 millones de dólares de deuda convertible en Acciones Preferentes. Las nuevas Acciones Preferentes emitidas tienen un cupón del 10% y cuentan con prioridad en la estructura de capital, emitidas sin warrants.
La reestructuración elimina toda la deuda a largo plazo, dejando solo una modesta línea de crédito sobre cuentas por cobrar. Dos inversores a largo plazo, incluyendo un Director actual y un miembro del Consejo Asesor, participaron en esta conversión, demostrando confianza en el cambio estratégico de CISO hacia soluciones de ciberseguridad centradas en software.
CISO Global (NASDAQ: CISO)는 전략적 투자자들이 900만 달러 이상의 전환사채를 우선주로 전환하는 중요한 재무구조 조정을 완료했습니다. 새로 발행된 우선주는 10% 쿠폰이 적용되며, 자본 구조에서 우선순위를 가지며 워런트 없이 발행되었습니다.
이번 구조조정을 통해 모든 장기 부채가 제거되고, 소액의 매출채권 대출 한도만 남게 되었습니다. 현재 이사 및 자문위원회 멤버를 포함한 두 명의 장기 투자자가 이번 전환에 참여하여, 소프트웨어 중심의 사이버보안 솔루션으로 전략적 전환을 꾀하는 CISO에 대한 신뢰를 보여주었습니다.
CISO Global (NASDAQ : CISO) a achevé une restructuration significative de son bilan, où des investisseurs stratégiques ont converti plus de 9 millions de dollars de dette convertible en actions privilégiées. Les nouvelles actions privilégiées émises portent un coupon de 10% et bénéficient d'une priorité dans la structure du capital, émises sans bons de souscription.
Cette restructuration élimine toutes les dettes à long terme, ne laissant qu’une ligne de crédit modeste sur les créances. Deux investisseurs de longue date, dont un administrateur actuel et un membre du conseil consultatif, ont participé à cette conversion, témoignant de leur confiance dans l’orientation stratégique de CISO vers des solutions de cybersécurité axées sur les logiciels.
CISO Global (NASDAQ: CISO) hat eine bedeutende Bilanzrestrukturierung abgeschlossen, bei der strategische Investoren über 9 Millionen US-Dollar an wandelbaren Schulden in Vorzugsaktien umgewandelt haben. Die neu ausgegebenen Vorzugsaktien tragen einen Kupon von 10% und haben eine vorrangige Stellung in der Kapitalstruktur, ausgegeben ohne Optionsscheine.
Die Restrukturierung beseitigt alle langfristigen Schulden und lässt nur eine bescheidene Kreditlinie auf Forderungen bestehen. Zwei langfristige Investoren, darunter ein aktueller Direktor und ein Mitglied des Beirats, beteiligten sich an dieser Umwandlung und zeigen damit Vertrauen in CISO's strategische Ausrichtung auf softwarebasierte Cybersicherheitslösungen.
- Complete elimination of long-term debt through non-dilutive restructuring
- Strategic investors demonstrate confidence by converting $9M debt to Preferred Shares
- Simplified capital structure with only modest receivables credit line remaining
- Strong validation of company's strategic direction in software-focused cybersecurity
- New Preferred Shares carry a 10% coupon payment obligation
- Preferred Shares hold seniority in capital structure, potentially affecting common shareholders
Insights
CISO Global strengthens balance sheet by converting $9M of debt to preferred equity, eliminating long-term debt and improving financial flexibility.
CISO Global has executed a strategic balance sheet restructuring where two key investors converted over
The newly issued preferred shares carry a
This restructuring achieves multiple financial objectives simultaneously: it strengthens the balance sheet, reduces debt servicing costs, simplifies the capital structure, and demonstrates substantial insider confidence. For a cybersecurity company like CISO Global, having financial flexibility is crucial for pursuing growth opportunities, particularly as they report gaining traction in the insurance channel. The transaction effectively recapitalizes the company without immediate shareholder dilution, providing CISO with enhanced financial stability to execute on its strategic initiatives and growth plans in the competitive cybersecurity market.
Scottsdale, AZ, Aug. 05, 2025 (GLOBE NEWSWIRE) -- CISO Global (NASDAQ: CISO), a premier provider of AI-powered cybersecurity software and compliance services, announced today a significant investor-driven financial restructuring. Over
Both principal investors involved in this restructuring have a longstanding commitment to CISO Global, with one serving as a current Director and the other as a member of the Advisory Board. Their decision to convert their notes underscores their confidence in the Company’s strategic shift toward software-focused cybersecurity solutions, particularly given the significant traction CISO Global is experiencing within the insurance channel.
The restructuring introduces newly issued Preferred Shares carrying a
CEO David Jemmett remarked, "We are deeply appreciative of the ongoing support and confidence demonstrated by both Hensley and JC Associates. This non-dilutive restructuring significantly enhances our balance sheet and represents a strong vote of confidence in our strategic direction and future growth prospects.”
CISO Global, now with an optimized financial structure driven by investor confidence, is strategically set to expand its market-leading cybersecurity software solutions, enhance market penetration, and drive sustainable growth.
About CISO Global
CISO Global, Inc. (NASDAQ: CISO), headquartered in Scottsdale, Arizona, is an industry leader in AI-powered cybersecurity software, managed cybersecurity, and compliance that delivers comprehensive solutions designed to protect organizations from the latest cyber threats. The company protects the most demanding businesses and government organizations against continuing and emerging security threats and ensures their compliance obligations are being met. For more information about the company, visit ciso.inc; see the following link to join the investor relations email alerts.
Safe Harbor Statement
This news release contains certain statements that may be deemed to be forward-looking statements under federal securities laws, and we intend that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements include, among others, our belief that we are an industry leader in proprietary software, managed cybersecurity, and compliance; our belief in the positive outcome of the financial restructuring of convertible debt into preferred shares; our belief in the confidence of our principal investors who were involved in the restructuring; our continued expectation of the sales progression within the insurance market in our software focused cybersecurity solutions; our intent to eliminate long-term debt while continuing to maintain a receivables line of credit; our belief that this financial restructuring improves our financial profile and simplifies our capital structure; our belief that we can expand cybersecurity software solutions, enhance market penetration, and drive sustainable growth; and our belief that we provide comprehensive cybersecurity solutions to our clients. These statements are often, but not always, made through the use of words or phrases such as "believes," "expects," "anticipates," "intends," "estimates," “predict,” "plan," “project,” “continuing,” “ongoing,” “potential,” “opportunity,” "will," "may," "look forward," "intend," "guidance," "future" or similar words or phrases. These statements reflect our current views, expectations, and beliefs concerning future events and are subject to substantial risks, uncertainties, and other factors that could cause actual results to differ materially from those reflected by such forward-looking statements. These risks may be detailed from time to time in the reports filed with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the fiscal year ended December 31, 2024. You should not place undue reliance on any forward-looking statements, which speak only as of the date they are made. Except as required by law, we assume no obligation and do not intend to update any forward-looking statements, whether as a result of new information, future developments, or otherwise.
For Media Inquiries:
Debra Gallington
debra.gallington@ciso.inc
(480) 389-3444
FAQ
What is the size of CISO Global's debt restructuring in 2025?
What are the terms of CISO Global's new Preferred Shares?
How does the debt restructuring affect CISO Global's balance sheet?
Who are the investors involved in CISO's debt restructuring?
What is CISO Global's strategic focus after the restructuring?
